Virginia Retirement System, Richmond, disclosed real asset commitments totaling $375 million at its board of trustees meeting Thursday.
The $102.9 billion pension fund committed $200 million to Carson JV IV, an industrial joint venture managed by Carson Cos., which is a "continuation of an existing manager relationship focused on the development and acquisition of industrial real estate in select target markets in the United States," according to VRS public relations director Jeanne Chenault.
The pension fund also committed $125 million to Westbrook Real Estate Fund XII, a closed-end real estate fund managed by Westbrook Partners; and $50 million to Lime Rock Resources VI, a closed-end fund focused on domestic oil and gas assets.
The commitments were made between April 21 and June 15.
As of June 6, VRS' actual allocation to real assets was 13.8%; its target is 14%.